Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Global Crossing - GX (formerly GBLX) -- Ignore unavailable to you. Want to Upgrade?

To: Thomas Duttera who wrote (1130)	6/13/1999 5:01:00 PM
From: Frank A. Coluccio	Read Replies (1) \| Respond to of 15615

One step too far.

To: Thomas Duttera who wrote (1130)	6/13/1999 5:59:00 PM
From: Raymond Duray	Read Replies (2) \| Respond to of 15615

Hi Thomas, Shades of Edward Harriman and Jim Hill! This is getting to be a really interesting p!$$!#@ contest. Next thing ya know, it'll be a buyout bid for GBLX. And then I might sell..... Best, Ry

To: Thomas Duttera who wrote (1130)	6/13/1999 6:32:00 PM
From: Daskin	Read Replies (1) \| Respond to of 15615

DENVER, June 13 (Reuters) - Qwest Communications International Inc. said Sunday it offered to buy Baby Bell U S West Inc. and long-distance provider Frontier Corp. for $55 billion in cash and stock, attempting to break up rival Global Crossing Ltd.'s (Nasdaq:GBLX) plans to buy both companies. In a bid to create U.S. telecommunications giant, Qwest said it would pay up to $80 per share in its common stock for U S West and $20 per share in cash and $55 per share in stock for Frontier. Global Crossing and U S West said in May they agreed to merge in a stock deal worth $37 billion. In March, Global Crossing said it would buy Frontier for $11.2 billion. Qwest said in a statement Sunday its proposals are "financially and stragetically superior to Global Crossing's pending transactions." A Global Crossing spokesman was not immediately available for comment. Qwest said the transactions would also include the assumption of about $11.4 billion in debt, in addition to the $55 billion in cash and stock it is offering.